CHARLESTON, SC—Without a doubt, 2020 was the most difficult year in recent memory. But optimism abounds that 2021 will be a bounce-back year for businesses in Charleston and around the country.
Womble Bond Dickinson Charleston Office Managing Partner Jim Myrick introduced Will Dawson in the area of lender/borrower finance and Kevin Trempe in the area of corporate structure and contracts at the VIP reception for the Charleston Metro Chamber’s 30th Annual Economic Outlook Conference and offered other remarks. Womble Bond Dickinson was a sponsor for the socially distanced VIP reception that was part of the March 10 event.
The 30th Economic Outlook Conference featured presentations on the Impact of a Biden-Harris Administration on the Economy and an economic forecast for the nation and the Charleston region. Myrick presented a panel on the Health of the American Consumer which included the President of the American Retail Association.
The Chamber’s Regional Forecast projects a significant increase in retail sales for 2021, although retail levels still aren’t expected to reach 2019 levels. Likewise, Charleston-area employment is expected to grow modestly this year. The Regional Forecast also examined sector-specific trends in such areas as shipping, construction, travel and real estate, predicting, in the words of one speaker, a “spectacular” end to 2021 depending on the public’s reaction to a roll-out of the vaccines.